viewCyclone Metals Ltd

Cape Lambert Resources director buys one million shares on-market

The purchase demonstrates support for the company's copper-cobalt production strategy.

man with briefcase running up ascending share price arrow
The company also recently secured $7.5 million in financing

Cape Lambert Resources Ltd’s (ASX:CFE) non-executive director Stefan Muller has purchased one million shares in the company through on-market trades.

The former investment banker has increased his total shareholding in the company to three million shares.

Muller purchased the shares for 1.6 cents each.

READ: Cape Lambert Resources close to securing EPCF provider to build cobalt-copper project for free

Cape Lambert aims to fast-track its Kipushi Cobalt-Copper Tailings Project into production in the Democratic Republic of Congo.

Earlier this month, Cape Lambert took a step towards production with the strong possibility of securing an EPCF provider to fund and develop the project.

Quick facts: Cyclone Metals Ltd

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Market: ASX
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on 6/4/18

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